Venezuela cautiously reopens forex markets
Venezuela relaunched its foreign currency market with strict new regulations on Wednesday, following the closure of the parallel currency market on 18 May.
Nelson Merentes, the president of the Central Bank of Venezuela, told reporters on Tuesday that a rigorous trading band would be introduced on Wednesday morning to replace the bolívar's freely floating exchange rate in the unofficial market. The trading band will be adjusted on a daily basis, and will be determined by a combination of the
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